Can I retire at age 55 with 591,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $591,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$48,804$48,370$47,945$47,531$47,127$45,876
2 years$24,161$23,711$23,274$22,852$22,442$21,190
3 years$15,947$15,495$15,060$14,641$14,238$13,025
4 years$11,841$11,391$10,960$10,548$10,155$8,989
5 years$9,378$8,930$8,505$8,102$7,719$6,605
6 years$7,737$7,292$6,874$6,479$6,108$5,046
7 years$6,565$6,124$5,712$5,327$4,967$3,958
8 years$5,686$5,249$4,844$4,469$4,121$3,163
9 years$5,003$4,571$4,172$3,806$3,470$2,563
10 years$4,457$4,029$3,638$3,281$2,957$2,100
11 years$4,011$3,587$3,202$2,856$2,543$1,734
12 years$3,639$3,219$2,842$2,505$2,204$1,442
13 years$3,324$2,909$2,539$2,211$1,922$1,205
14 years$3,055$2,644$2,281$1,963$1,685$1,012
15 years$2,822$2,416$2,060$1,751$1,483$852
16 years$2,618$2,216$1,868$1,567$1,311$720
17 years$2,439$2,041$1,699$1,408$1,162$610
18 years$2,279$1,886$1,551$1,269$1,034$518
19 years$2,137$1,748$1,420$1,147$921$440
20 years$2,009$1,624$1,303$1,039$823$375
21 years$1,893$1,513$1,199$943$736$319
22 years$1,788$1,412$1,105$857$660$272
23 years$1,692$1,321$1,020$781$592$233
24 years$1,604$1,238$944$712$533$199
25 years$1,524$1,161$874$650$479$170
26 years$1,449$1,092$810$594$432$146
27 years$1,381$1,027$753$544$389$125
28 years$1,317$968$700$499$351$107
29 years$1,258$913$651$457$317$91
30 years$1,203$862$606$420$286$78
31 years$1,152$815$565$385$259$67
32 years$1,103$771$528$354$234$58
33 years$1,058$731$493$326$212$49
34 years$1,016$692$460$300$192$42
35 years$976$657$430$276$174$36
36 years$939$623$402$254$158$31
37 years$903$592$377$234$143$27
38 years$870$563$353$216$129$23
39 years$838$535$331$199$117$20
40 years$808$509$310$183$106$17
41 years$779$485$290$169$97$14
42 years$752$461$272$156$88$12
43 years$727$440$256$144$80$11
44 years$702$419$240$133$72$9
45 years$679$400$225$123$66$8
46 years$657$381$212$114$60$7
47 years$635$364$199$105$54$6
48 years$615$347$187$97$49$5
49 years$596$332$176$90$45$4
50 years$577$317$165$83$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $591,000, adding $2,525 every year, while hoping to spend $36,831 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 69/20/11 Blend
54$591,000$591,000$591,000$591,000
55$653,887$622,564$613,403$697,332
56$681,395$613,881$594,764$717,814
57$710,475$603,539$574,266$735,529
58$741,248$591,417$551,809$753,939
59$773,846$577,387$527,285$773,104
60$808,415$561,315$500,586$793,096
61$845,112$543,059$471,594$813,991
62$884,110$522,466$440,190$835,875
63$925,600$499,377$406,246$858,844
64$969,788$473,623$369,632$883,007
65$1,016,901$445,025$330,209$908,482
66$1,067,187$413,394$287,834$935,402
67$1,120,920$378,530$242,356$963,915
68$1,178,397$340,221$193,618$994,187
69$1,239,945$298,244$141,456$1,026,401
70$1,305,925$252,363$85,700$1,060,761
71$1,376,728$202,328$26,170$1,097,493
72$1,452,788$147,875$0$1,136,850
73$1,534,578$88,727$0$1,183,498
74$1,622,620$24,589$0$1,236,924
75$1,717,484$0$0$1,294,425
76$1,819,800$0$0$1,366,279
77$1,930,256$0$0$1,449,717
78$2,049,611$0$0$1,539,905
79$2,178,698$0$0$1,637,475
80$2,318,433$0$0$1,743,123
81$2,469,822$0$0$1,857,614
82$2,633,973$0$0$1,981,789
83$2,812,102$0$0$2,116,572
84$3,005,549$0$0$2,262,982
85$3,215,785$0$0$2,422,136
86$3,444,431$0$0$2,595,267
87$3,693,269$0$0$2,783,729
88$3,964,260$0$0$2,989,011
89$4,259,562$0$0$3,212,755
90$4,581,550$0$0$3,456,764
91$4,932,836$0$0$3,723,027
92$5,316,300$0$0$4,013,729
93$5,735,106$0$0$4,331,277
94$6,192,741$0$0$4,678,322
95$6,693,044$0$0$5,057,781
96$7,240,240$0$0$5,472,867
97$7,838,982$0$0$5,927,115
98$8,494,394$0$0$6,424,422
99$9,212,116$0$0$6,969,075
100$9,998,361$0$0$7,565,798